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Logistics Startup Wize Raises $16M to Expand Sustainable Delivery in Middle East
Dubai's Wize secures pre-seed funding to grow its electric vehicle and battery swapping network across the UAE and MENA region
Osama Khalid
November 20, 2023
Dubai logistics startup Wize raises $16M in pre-seed funding to expand its network of electric vehicles, battery swapping stations, and sustainable delivery services across the UAE and MENA region, as regional investors increasingly back greentech companies.
Dubai-based logistics startup Wize has secured a $16 million pre-seed round to expand its sustainable delivery services across the Middle East and North Africa (MENA).
Wize’s sustainable delivery services
Wize offers electric motorcycles, battery swapping stations, and software tools for emission-free delivery operations.
Wize claims to be the first company to install battery swap stations in the UAE. It has partnered with sustainable delivery firms like Motoboy.
Funding utilization
The funding will support growing Wize’s network in the UAE, advancing its product suite, and forming new partnerships in MENA.
Regional investors backing greentech startups and missions
The raise comes as regional investors increasingly back greentech startups providing climate solutions.
Wize aims to empower retailers and delivery companies to meet net zero emissions targets through its tech-driven sustainable logistics platform.
Cementing Wize’s position
The capital injection will aid Wize in cementing its position as a leading eco-friendly logistics enabler in the Middle East.
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